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to the continued uncertainty of washington, no real progress on a debt deal. the house speaker stuck in a blizzard in ohio, but you know what? the dow managed to raise earlier, just up a hint now, just a touch. meanwhile, the nasdaq, the s&p500, and the russell, as you can see, down slightly on the day after christmas. retail stocks are casting a follow on the market, the s&p500, the high end end names, all in the red. we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lower on poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit in 2008 according to the mastercard survey, the latest one. we'll pick apart the numbers later on in the show. hey, but check out crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomo
is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers sug
of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic about things. i want to dig a little bit deeper into "the wall street journal" piece. i we will probably see some what of a flurry of activity tomorrow. if first call. what is your name and where are you calling from? i think that caller is gone. let's try the next call. caller: i am optimistic because this is a great country. we are one nation under god that. i think people ought to turn to their faith during these times because we have always needed to through hard times. host: how will this play in washington but the fiscal glove? caller: i think the republicans are going to have to give it more than the democrats. president obama is basically going to do with the people voted him in for. i think he wil
nationwide. edward lawrence is in washington. edward, good morning. >> reporter: these were vicious, fast-moving storms that ripped across the south. in addition to the deaths, the work crews in the south are working to restore the power in at least five states because of the tornadoes and the blizzard conditions in the midwest. >> reporter: a christmas day tornado tore three mobile, alabama. >> there it is. >> joe michael love pulled out his cell phone to record the twister while miles away it destroyed a church and homes and his son's high school. >> the van is almost destroyed. the fieldhouse is gone. just all the portable buildings for classrooms are gone. >> reporter: here in houston, texas, the tornado destroyed some buildings and tore down power lines. francis lowe and her husband couldn't get away in time. >> we tried to leave at first but could't because the truck was off the ground, and it wouldn't go. finally, it touched the ground, and we took off. >> reporter: damage from a tornado in pearl river, mississippi, stretched a mile wide. eight people were taken to the hospital. te
. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come back into session. two republican sources tell me they did not make a decision on this call. it's still up in the air. and a big reason for that is if anything can get done in the next six days, the ball is in the senate's court. the capitol is a ghost town. neither chamber in session. an eerie calm since the fiscal cliff only congress has the power to avert is less than one week away. from their home, senate demo
, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a
, if lawmakers do not come to an agreement, washington will be forced to pay farmers based on very dated calculations. >> it would translate to about $8 per gallon some time after january 1. >> as lawmakers aha new york russell with the fiscal of, some shoppers are already suffering on milk. >> we have a son, and he likes it. i am not going to continue buying it. >> customers who could start gravitating toward moment milk could pose -- toward almond and soy milk could cause problems for the dairy industry. >> people might find subsidies to milk. >> it affects other items, like cheese and ice cream. >> it is big in my house. but we would have to cut back. >> if there is one thing everyone can agree on -- we do not need one thing going up in price. >> right now, the national average price is about $3.55 a gallon. we would start seeing prices increased up a little bit, right after the first. we will see the highest prices sometime in march. >> city police are investigating two separate shootings this christmas. the most recent happened around 7:30 this morning, in northwest baltimore. offic
a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all
of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we're simply not going to see the democrats take them up on that because president obama since that letter has won the election and now we're looking at the possibility of a mini deal that would get enacted before january 1st but so far all we've heard are the sounds of silence in the negotiations. a senior white house official told me today when i asked was there any holiday season progress, back channel progress over the past couple of days, got a one-word reply, no. second, the democratic senate leadership says there's a 50/50 chance that we'd get a deal between now and january 1st, but they don't have any progress signs to point to in a tangible way. that's sort
but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, fo
of an accident at washington street, -- i'll update that at our next trip, mass transit, muni everybody on a regular schedule and on time. >>>Ñ5bx commuters in sonoma couy could use a break from the rain right now flood waters are still impassable on highways 12 and 121. terry mcsweeney is live at the intersection. >> reporter: the best i've got right now is sometime today. what happens is when there's a heavy down tour as there was yesterday and a high tide, this -- this road closes not unusual they wish it was an unusual occurrence as you can see road closed, flooded. pictures of what it looked like last night. they've been trying to fix the problem here for quite sometime, obviously, no success. yesterday, it want hard to find rain-related problems, american canyon water piled up on highway 12 red top road all this going on, on christmas day the traffic was light yesterday, richmond on mcdonald avenue they had back-up there also in berkeley a lot of places down pours and one person we talked to says he's about ready to have it wrap up. >> i'm from the bay area so i'm couldn't of use
see already, there is a different tone in washington. i think elections matter. the voters spoke. even though the race was relatively close, it was not that close in the electoral college. even the margin has expanded now to 4 million votes. i think people read those results. i think, for example, on an issue like immigration reform, the prospects for passing comprehensive immigration reform in the near future -- near future are much greater than they were three weeks ago because of the result of the election. i think the chance of coming to an agreement on this fiscal cliff are greater today because of this election. politicians read election results. i do not know whether our campaign or their campaign fostered the environment for that. i think the voters did, and that is as it should be. >> the last couple questions -- we will come back to this side. >> my question is, in the days following the election there was a fair amount of coverage about the divisiveness of the obama for america ground game -- i was wondering, how you need you think that model was for this campaign and candid
, windy in new york city and long island, washington, detroit, memphis and out west san francisco with a different storm system impacting that region. right now moving forward you can see heavy bands of snow throughout indiana and illinois, sliding to the east and we have severe weather breaking out, i've been tracking the thunderstorms all morning long and they are strong and intense across parts of the chair lie in as. notice the red and the green that indicates higher cloud tops, we're getting intensity and rain and it's that part of the country we're watching out for severe weather. we may see tornadoes break out. today we're looking at heavy snow across illinois, indiana and ohio, it could be a foot or more moving forward and two areas of pennsylvania and new england tomorrow. this storm is not over yet. >> all right, bonnie, thanks so much. >>> now we turn to the bizarre and trangic shooting in upstate new york on christmas eve. two firefighters were shot and killed after responding to a call that a house was on fire and this morning we're learning more about the shooter, hi
tonight. let the last minute panic begin of the president obama is set to fly back to washington in the next few hours to try to scrape out a fiscal cliff deal but hope is fading fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fisca
was that our supporters would read this and it would spend -- especially in washington, the world's biggest record chamber -- people would get nervous and worried. when those things happen, you find everyone very generous with their advice. [laughter] the frustration was less than we be worried about where we were but other people's behavior and that it would create a disillusionment among supporters. so we spent a lot of the campaign fighting back against some of these polls. what was remarkable about this race, as looking of the data that we had, it was not how volatile it was, but how steady it was. from february through november, we were running in our own data generally a two-point to 4-point lead. we never fell behind. there was a time in september, after the conventions, we had a strong convention and they had not so strong convention, and came the famous 47% tape. we got a six-point or seven- point battleground states lead. some republican leaning voters moved away from romney. and then can the first debate, which we strategically planned a little suspense for. [laughter] >> there w
. right now we're doing very well in the state of washington. north dakota. excellent, now in nevada. and our people are in the right places and doing the things to become a delegate. it's way too soon to write anybody off. just because somebody is in second or third place, there's a race going on. what if mitt romney isn't the best person? >> people have tried to portray you as a kind of ruthless money machine who some failed, some succeeded, you didn't care, you still got your fee, or you made a ton of money but actually quite a few of the companies that failed, a lot of people lost their jobs, their livelihoods and lost money. to me the key question is do you know instinctively from your recollections how many of those companies that you went into would have failed anyway if you hadn't? >> well, there's no question but that a number of places where we went in and invested, we were investing in an enterprise that was in trouble, that -- where the future was very much in doubt for it and we invested in one busy think it lost 50 or $60 or more million the year before we invested and
. >> thank you. >>> there's more urgency in washington to get a deal done before the so-called "fiscal cliff" deadline less than a week from now. senate majority leader harry reid was reportedly at the capital on christmas working on a scaled-down plan to avoid tax hikes for all about the wealthiest americans. his plan would include short term spending cuts instead of long-term deals that had been sought. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census figures about 2 60,000 young adults with college degrees in california are working in food service and retail. >> couldn't get a job in the field that i wanted to so i figured i have to start at the bottom. >> without higher paying j
heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boe
, washington. >> airlines have already canceled 5,000 flights this week because of the weather. even more cancellations are expected over the next couple of days. there are already significant delays this morning at indianapolis and dayton, ohio. the nation's airports are expected to be busy once again today as people start heading home after their christmas gatherings. it's wise to check your airline first to check flight status. >>> heavy rain meant worries for people on the peninsula preparing for more flooding along the san fransesquito creek. crews from the city and california conservation corps spent a lot of christmas stacking sandbags on the levee to keep the creek out of gardens neighborhood. there's already been some flooding from ver buena verbena drive to areas in the neighborhood. it made for a less than happy christmas. >> kids didn't wake up in the morning thinking they have to help their parents clean up the yards and cars. >> people were evacuated from one unsafe home because water got into the electrical outlets. east palo alto is working on a long-term solution to the f
to washington. but with just six days to go, homes for a last-minute deal may be fading. nbc's kristin welker is with us tonight from honolulu. kristen. >> reporter: natalie, good evening. with president obama flying home this evening, the political rhetoric has already started, with republicans urging action in the senate, and with democrats calling on republicans to put middle class families first. the president and first lady spent part of their christmas visiting troops in honolulu. >> we want to say thank you. we love you. >> reporter: but now he heads back to a snowy washington, where the last hope for a deal to avert the fiscal cliff is the senate, which returns tomorrow. majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up
to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas eve performance for the dow since 2006 because of the jitters about the fiscal cliff. it will be an interesting few days as c
vacation short and heading back to washington before we fall off of the fiscal cliff . can a deal be reached. >> a deadly winter storm unleashing snow and tornados . now thousands ever cleaning up and holiday travelers are stuck. i am tracking where the storm ised hading next. >> thank you, rick. take the gift card and hit the stores this morning. wait until "fox and friends" is over and then leave. "fox and friends" begins right now. "fox and friends". >> gretchen: good morning, i am gretchen carlson we are joined by clayton morris . rick as well . these are great guys, but clayton, because he is a tech guru of folks news and here to help all of us today. >> tech support this morning f. you have tech-related questions. send them and i will attempt to answer them all. i answered all of them. my wife said what are you doing on twitter? i said i am helping me. >> gretchen: we have big storms brewing and rick, you are aptly sitting to the right of me and you will help people get out of town. >> 30 tornados and a big one in mobile, alabama and more tornados and a blizzard. i will try
together on coffee cups on serving customers tomorrow and friday. starbucks plans to buy as in washington post and the new york times later in the week as part of its come together campaign. >> rumors that a second generation ipad mini with eight right now display is set to lions ahead of apple's typical annual schedule that share have been swirling. now it appears that apple's full- size ipad may be sticking to its new semi and release schedule. new reports suggest that apple's plans to launch a new standard, lauder 9.7 in. ipad as soon as march 2013. the fourth ipad model was just released last month along side the ipad mini, but march was also suggested in recent red ipad mini remorse. >> we will be right back. heavy snowfall in the sierra is causing dangerous conditions for skiers. in the past three days, two people have died and two others have been injured after being called in separate avalanches. kron 4 urs of charles clifford has details. >> a snow border was caught in an avalanche on monday. they stated that heavy amounts of new snow is sitting on unstable snow which is causing
time. you can listen to c-span radio in the washington/baltimore area at 90.1 area, on xm channel 119 or online at c-span radio.org. >> supreme court justice ruth bader ginsburg spoke in the fall at the university of colorado law school. she talked about gender discrimination cases and her own experiences as a woman law school graduate in the early 1960s. this conversation is about an hour, 15 minutes. .. >> we are so grateful to have you here, phil, for all your work. [applause] >> we have several regions here, two of whom are grads of our fine law school, michael and jodi your and irene is here also i believe. and any other regions are here, we thank you for all your support and your spirit. we do very much believe in engaging with the community come and we want to continue to do so in so many ways. i would echo what melissa hart said, and very importantly acknowledge the leadership in terms of the energy she brought to the white center, this lecture was her brainchild. the constitution of the activities were brainchild, and recognizing that under the board of regents, the chase
. not a problem north or south on the golden gate bridge. >> to washington d.c. where police are looking into whether meet the press moderator david gregory violeta a loss on his plate 30 rifle magazine on sunday show. >> possession of such a clip is a violation of district of columbia cold. even if it is not attached to a gun. >> gregory use the magazine as a prop during the interview with national rifle association ceo wayne laapierre. >> a crusade against toy guns that began in 1987 is being relaunched following the shooting at sandy hook elementary. >> santa monica activist jerry rubin said the personalized merit award will be sent to children who write to him about why they are not that-do not like playing with toy guns. >> rubin says is nt, a toy gun project used to reward children who send in their toy guns with teddy bears and exchange, but stopped after he ran out of the 5000 donated stuffed animals. >> at the james lick freeway. if you are watching us keep in mind dr. phil is on at 10:00 but also 4:00 in the afternoon. >> a pop star announces a bundle was on the way while anoth
to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >> yes. and the question about the mini deal would be, what we're talking about, just to make clear for our v
an hour, it's the winds. whether we see winds in washington or new york already slowing down travel tonight, they won't see the snow accumulation. it's the winds with this system that's a big deal. indy gusts to almost 40 miles per hour. roanoke, virginia to dchicago. we're talking a big geography in terms of the impacts of it. here's where the blizzard warnings are in. that's for 6 to 12 inches of snow coupled with winds at 40, 50 miles per hour making it difficult to see and visibility is down near zero. that's kind of the blizzard warning scenario. there's the blizzard warning. you can see that in areas of indiana and illinois and moving into ohio. these in the pink are winter weather warnings, so we'll see that. here's the snow. 12 inches at the very least, and in upstate new york, suzanne, we will see at least 12 inches of snow. so the timing in and around western new york, we see the snow tonight to tomorrow. i know you travel a lot, and it's those big cities in and around new york and new jersey and washington, big-time travel delays at the airports. already canceling hundred
think that she is outside politics, outside of washington the way that people think of barack obama, which is a wholly new thing. that is sui generis. >> i don't see it like that especially because the man himself is an island unto himself in washington, d.c. >> yes. >> he is not a democratic party boss like tip o'neill. he's not even really connected with the chicago political machine. >> and curiously, people like that. >> he is his own man. that's a great thing unless you are the democrats that want this to be passed along four years from now. >> but is there, in your view, a philosophical way of being that is inheritable, to use rick's word? is this pragmatic problem-solving approach that clinton began and obama has clearly taken through this four years, five years so far, is the next republican victor going to have to be someone who is less ideological than, say, 30 years ago? >> well, i take exception with the suggestion that barack obama has been pragmatic. he passed a lot of things the first two years by running the democrats and getting their vote. i believe the great histo
is cutting his hawaiian vacation short to get back to fiscal cliff talks in washington. the country is a week away from the tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid who is crafting a package on his own. it would extend the bush era tax cuts for households making less than $250,000 a year including the short-term spending cuts. >>> and it is a scary statistic for the recent college graduates. the number of young californians with the degrees working in restaurants or the retail, they have nearly doubled over the last five years. cbs 5 reporter tells us that these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season, or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau, there are about 260,000 young adults with college degrees in california, taking work and food service in retail because they can't get anything else. >> it's pretty sad now, yeah
cuts and tax increases. obama is scheduled to return to washington on thursday in time to restart talks. the u.s. president is asking congressional executives to compile a compromise plan that features continued tax cuts for the middle class. that represents a shift in his policy that called for higher taxes on the wealthy, along with measures to cut the fiscal deficit. talks between democrats and republicans came to a standstill last week. a deal still remains uncertain. the republicans canceled a vote on their compromise plan. that's because many republicans remain opposed to any kind of tax hikes. >>> china has opened what it calls the world's longest high-speed rail line. the railway links the capital city of beijing and ghangzhou in the south. shun ishibe have more. >> reporter: the first high-speed train for beijing is about to leave guangzhou south railway station. many passengers are carrying coats, because the temperature in beijing is about 20 degrees centigrade lower than here in guangzhou. the new line stretches nearly 2,300 kilometers, including a section already in service
hawaiian vacation short to get back to fiscal cliff talks in washington. the country is a week away from tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid. >>> it's a scary statistic for recent college graduates. the number of young californians with degrees working in restaurants or retail has nearly doubled over the last five years. grace lee tells us these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau there are about 260,000 young adults with college degrees in california taking work in food service and retail because they can't get anything else. >> pretty sad now. >> reporter: roary graduated with a computer science degree. >> i graduated with my bachelors in 2009 and my first job was at a retail store. at first it was kind of embarrassing. >> i couldn't get a job in the field i want
, and in washington state, $9.19. "anything under $10 an hour is obscene. it's not enough to live in any city in the u.s." there's now a push to raise the federal minimum wage. "the minimum wage needs to be raised. it hasn't been raised in some time. we should consider indexing it to inflation." in 2004, voters in florida approved indexing the minimum wage to the cost of living. colorado voters did the same thing two years later. they are among ten states where that connection is made and where wages go up january first. in florida, the 12-cent increase, to $7.79 an hour, will benefit 210,000 workers. it'll add $370 to their annual wages and $46.2 million to florida's gdp. still, not enough, according to some. "people who work 40 hours a week need a $10-an-hour minimum wage. this is from a retailer. retail wages stink." "we see people work three jobs just to make ends meet. that's not fair." in late november, president obama met with small business owners for their input about the fiscal cliff, and the minimum wage was mentioned. "i think the administration is interested in doing something, but it als
. >> the commander in chief is in charge but he is thousands of miles away in washington, dc. >> but it could work when the army commander and the naval commander of a particular operation cooperated with each other, and that became true with the commander of the western flotilla... ... in 1862 they were at odds worrying about grant getting too much credit. give a sense of the state of the navy in terms of ships and men as 1861 to 1862. things were changing dramatically in terms of enlistment. >> one of the things about the civil war and it's particularly true of the navy is it six kind of on a technological point in american history things had been changing for some time. the power comes in and the railroads already expanding across the continent but the application of the large-scale warfare in the civil war is one of the first cases where we see that. now the land war probably arguably at least is the most immediate impact was the shoulder muskett which dramatically extended their range the soldiers could fight and at sea there are a number of similarly important technological changes. obviousl
about him even running for president. he was well regarded in washington d.c. too among the i delegation. yes, i think this is the perfect path for a comeback if he is going to do that. he's going back to his old district where he's known well. he'll make a go.thishe it will either work or it won'ti but this is the most direct path back to public life and public service he could probably find.h >> ifill: if they run against each other it will be the most hotly covered race in the country. >> this is a republican seat so it's likely that a republican will hold that seat when it's over.en >> ifill: let's talk about the governor of new jersey. t we had been watching chris christie a lot whether it was to do super storm sandy or whether to campaign for mitt romney. s there's a lot of question about whether he would get the o challenge from the very popular mayor of newark, at least popular in some circles cory booker. >> what's interesting about this is that cory booker put out a web video which is how all the a politicians announce these days. he said i'm interested in obnning for senate. t
flurry of gun buying. >> chip reid in washington, thank you. police in newtown got a break today. officers from nearby communities worked the shifts there so that the newtown p.d. could have ingsstmas off. it's been 11 days since the shootings. tiny christmas stockings with the names of the victims are hanging near sandy hook t allntary. a candlelight vigil is scheduled to last all day today. h6 candles-- one for each victim shot at the school. volunteers are taking three-hour shifts to make sure the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dar
will be destroyed. david? >> lines as far as the eye can see. thank you. >>> and in washington tonight, president obama is cutting his christmas vacation short to try to cut a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give he
because the federal court in washington, d.c. concluded that it violated the federal voting rights act. texas already has a voter i.d. requirement. the 2011 law reduced the list of acceptable i.t. eliminating for example the voter registration cards, birth certificates, student i.d. cards issued from state universities and in plant and identification cards with photos. although there is no logical connection between the citizenship and holding a driver's license during the night of the texas border by the law, elected officials consistently affirmed that a stay issued photo voter i.d. law was needed to prevent non-citizens from voting in the testimony in the fri case the state representatives when asked about the specific instances that she knew of of the voter fraud described one instance in which she saw a hispanic and spanish-speaking woman that needed assistance loading the representative offers this incident as an example of the voter fraud despite the fact that she also testified she has no knowledge whether it was a citizen or not only that she was hispanic. in 22 of coloradan l
washington post," david is a renowned writer of fiction and nonfiction and is later during his most recent string of best-selling works of spy fiction. david is well known for his command of international affairs and his keen insight into the working of government and other factors. with these two gentlemen, we're poised for an illuminating an intriguing conversation about the world, the future and revenge of geography. bald and david, over to you. >> thank you. i think you're probably not supposed to see this as a serious moderator, but i love this book. it's embarrassing how architect it is and how many post its mouth i put not to flatter the teacher but because i really liked it. i'm going to try to walk the audience through this. we have bob walk the audience through and i would like to start with a provocative opening comment that you make. you set my reporting over three decades has convinced me that we all need to recover a sensibility of time and space that has been lost in the information age when the molders of public opinion - against the hours that will to let them talk about t
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